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Prospect News home > News index > List of issuers F > Headlines for FLYi, Inc. > News item
Published on 2/16/2005 in the Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

FLYi will not make Feb. 15 interest payment on convertibles

By Ellen Chang

Houston, Feb. 16 - FLYi, Inc. said Wednesday it will not make the Feb. 15 interest payment on its 6% convertible notes due 2034 because it is still negotiating with aircraft lenders and lessors to restructure its obligations.

FLYi , the Dulles-Va.-based parent of low-fare airline Independence Air, said it plans to make the payment before the 30-day grace period expires if it is able to conclude its ongoing restructuring efforts.


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